The assets and liabilities of Wilderness Travel Service on April 30, 20r7, and its revenue and expenses for the year are as follows: Common stock was \\( \\$ 25,000 \\) and retained earnings was \\( \\$ 155,000 \\) as of May 1, 20Y6. During the year, additional common stock of \\( \\$ 10,000 \\) was issued for cash, and dividends of \\( \\$ 40,000 \\) were paid. Required: 1. Prepare an income statement for the year ended Abril 30, 2007